Mark Zuckerberg sells $95 mn in Facebook stock: Report

Mark Zuckerberg sells $95 mn in Facebook stock: Report

IANSUpdated: Thursday, May 30, 2019, 11:10 AM IST
article-image

New York: Continuing on his goal to improve the world with his donations, Social networking giant Facebook’s CEO Mark Zuckerberg has sold $95 million in Facebook stock between November 17 and 18, according to regulatory filings.

Also Read : Facebook plans its first stock buyback

The sale follows $190 million in Facebook stock sold by the same entities in October and another $190 million sold in September, Forbes reported on Monday adding that Zuckerberg has said that he will not sell or give away more than $1 billion in Facebook stock per year through 2018.

“Zuckerberg’s net worth at $52 billion. His net worth has increased over the past year despite the stock sales as a result of the rise in Facebook’s stock price,” noted the report.

Read More : ‘Facebook At Work’ to be launched globally soon: Report

In September Chan and Zuckerberg had pledged to spend $3 billion over next decade to combat disease. Facebook CEO had said at that time that if they could develop new tools, they could empower scientists all around the world to make much faster progress and breakthroughs.

According to the Forbes estimates, Zuckerberg is currently the fourth richest person in the world.

RECENT STORIES

Asian Paints Sells Entire 4.42% Stake For ₹734 Crore In Akzo Nobel India

Asian Paints Sells Entire 4.42% Stake For ₹734 Crore In Akzo Nobel India

Gold Tumbles ₹700 To ₹98,420/10g, Strong US Dollar & Fed Rate Worries Weigh

Gold Tumbles ₹700 To ₹98,420/10g, Strong US Dollar & Fed Rate Worries Weigh

Adani Enterprises ₹1,000 Crore Bond Issue Fully Subscribed, Investors Respond In Just Three Hours

Adani Enterprises ₹1,000 Crore Bond Issue Fully Subscribed, Investors Respond In Just Three Hours

Centre Tells Delhi High Court There's No Proposal To Issue ₹50 Coin Amid Plea Over Note's...

Centre Tells Delhi High Court There's No Proposal To Issue ₹50 Coin Amid Plea Over Note's...

Sensex, Nifty End Lower As IT & Oil Stocks Drag, Caution Builds Ahead Of Q1 Earnings Season

Sensex, Nifty End Lower As IT & Oil Stocks Drag, Caution Builds Ahead Of Q1 Earnings Season